Travel insurance is very important for anybody looking to travel to a foreign country. Leaving aside all of the things which add risk to being in a foreign country, by being there you also miss out on all of the things which we get for free here in the UK. Travel insurance is there so that you can have health care when necessary, to help you to recover or replace lost property, and in some instances help with legal aid, and with replacing lost passports.
The requirements from your travel insurance can vary greatly, depending upon your destination. Travelling to a first world nation should require less coverage, as the risk is less, but when travelling to a less developed nation, the risk can increase significantly. In these instances, it may be ideal for you to get an insurance package which covers things like ransoms. Your requirements may also change based upon the nature of your travel. For instance, if you are transporting property, then you may require more property coverage than what standard travel insurance packages offer, and if you are travelling for business purposes, then your requirements may differ from what a holiday maker requires.